Merukh Enterprises: Bought Avocet Assets In Indonesia, Malaysia For $250 Mln

10th Jun 2010 05:02

JAKARTA (Dow Jones)--PT Merukh Enterprises said Thursday that it has acquired Avocet Mining PLC's (AVM.LN) assets in Indonesia and Malaysia for $250 million. The Indonesian company, which is controlled by Yusuf Merukh, said in a press release that it was also interested in buying the London-based gold miner's other assets. "We have signed the share sale agreement for 100% purchase of Avocet's assets in Southeast Asia, especially in Indonesia and Malaysia," Rudy Merukh, chief commissioner of Merukh Enterprises, said in the release. Avocet couldn't be reached for immediate confirmation. "We have conveyed our intention," Merukh said, adding that Avocet has, through its interim chief executive officer, expressed willingness to help in acquiring its assets. -By Deden Sudrajat, contributing to Dow Jones Newswires; 62-21 39831277; [email protected] (END) Dow Jones Newswires June 10, 2010 00:02 ET (04:02 GMT)